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IFCI, the term finance lender has raised the benchmark lending rate by 0.1 percentage point (10 bps) to 8.6 percent.
IFCI has said in a statement that the company has changed its short term benchmark rate (IBR-ST) from 8.50 percent to 8.60 percent with monthly rests for lending for tenure up to three months only.
It said that the new rate would be effective from today.
